Consumer-centric electricity markets: A comprehensive review on user preferences and key performance indicators

• Type: Another Publication in an International Scientific Journal
• Date: 2022

Authors

Oliveira, C (Author) Other; Botelho, DF (Author) Other; Soares, T (Author) Other; Faria, AS (Author) Other; Dias, BH (Author) Other; Manuel Matos (Author) FEUP; De Oliveira, LW (Author) Other

Journal

Title: Electric Power Systems Research

Vol. 210

ISSN: 0378-7796

Publisher: Elsevier

Indexing

ISI Web of Knowledge - 20 Citations

Scopus - 19 Citations

Other information

Authenticus ID: P-00W-MGV

DOI: 10.1016/j.epsr.2022.108088

Abstract (EN): The power system is facing a transition from its traditional centralized model to a more decentralized one, through the emergence of proactive consumers on the network, known as prosumers. This paradigm shift favors the emergence of new electricity market designs. Peer-to-Peer (P2P) based structures have been gaining prominence worldwide. In the P2P market, the prosumer assumes a more active role in the system, being able to directly trade its energy without the need for intermediaries. This paper contributes with a comprehensive overview of consumer-centric electricity markets, providing background on different aspects of P2P sharing, in particular the inclusion of peer preferences in the electricity trading process through product differentiation. A performance assessment of the different modeled preferences was carried out using key performance indicators (KPIs). Different user preferences under the product differentiation mechanism were simulated. The results demonstrate that consumer-centric markets increase the penetration of renewable energy sources into the network and tend to affect loads flexibility according to the renewable generation.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 15